Spring [SEO_DATE_YR] Market Report: Equity Release Trends

The Spring 2022 market report for equity release would detail trends, product developments, and consumer behavior in the equity release market, available from industry bodies like the Equity Release Council.

What Is the Spring 2022 Market Report for Equity Release? Learn All about the Trends and What Equity Release Statistics Revealed in 2022. Should You Be Climbing on the Bandwagon?

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Key Takeaways

Latest trends show a surge in lifetime mortgages, fueled by rising house prices and an ageing population.
This season has seen a shift towards more flexible products, like drawdown lifetime mortgages, catering to diverse customer needs.
Forecasts predict steady growth, driven by increased awareness and trust in these schemes.
Top products in the latest report include lifetime mortgages and home reversion plans, with drawdown options becoming particularly popular.
The recent market update led to a slight decrease in rates, offering more affordable options for UK homeowners.

We've got all the latest spring equity release market statistics!

In 2022, the average equity release client drew more than seven years of retirement income from their home.

Imagine accessing so much money?

Here is a summary of everything that happened according to the Equity Release Council’s Spring 2022 market report.¹